Micron Technology Inc. stock outperforms market despite losses on the day

Micron Technology Inc. stock outperforms market despite losses on the day

Shares of Micron Technology Inc. MU, -0.52% sank 0.52% to $70.62 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.30% falling 1.30% to 4,300.46 and Dow Jones Industrial Average DJIA, -0.94% falling 0.94% to 34,002.92. Micron Technology Inc. closed $26.34 below its 52-week high ($96.96), which the company achieved on April 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Intel Corp. INTC, -0.72% fell 0.72% to $53.47, STMicroelectronics N.V. STM, -3.33% fell 3.33% to $41.84, and Western Digital Corp. WDC, -0.25% fell 0.25% to $56.95. Trading volume (19.5 M) remained 118,308 below its 50-day average volume of 19.6 M.

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